Showing 1 - 6 of 6
The impact of various taxes on extraction and investment programs is fairly well understood. However some institutions and some features of non-renewable-resource taxation remain mysterious in their apparent complexity. I argue that such "modern" considerations as information asymmetries,...
Persistent link: https://www.econbiz.de/10008510414
This paper deals with the effect of taxation on the extraction path of a nonrenewable natural resource. It presents a synthesis of some recent papers on the subject. Although the analytical framework is designed to study the effect of quite general forms of taxes, the emphasis is put in the...
Persistent link: https://www.econbiz.de/10008510477
I discuss the role of information and transaction costs in environmental economics, starting with the early stages of the universe. J’étudie le rôle de l’information et des coûts de transaction en économie de l’environnement, en commençant par les origines.
Persistent link: https://www.econbiz.de/10008510621
Neoclassical economists often praise the market as an institution allowing efficient, decentralized, decision making. In their analyses, which lead to the theorems of welfare, the cost of such institutions that allow markets to operate is usually ignored. One major such institution is the...
Persistent link: https://www.econbiz.de/10008510787
We survey and synthetize the literature on the measurement of technical progress by the method of Divisia. The approach is first presented under a number of crucial simplifying assumptions. Then we relax those assumptions to allow for non constant returns, the presence of quasi-fix factors of...
Persistent link: https://www.econbiz.de/10008510821
This papers aims to determine the optimal rotation and the best alternative use of a forest stand when wood price is assumed to follow a Geometrical Brownian Motion and the externality generated by the forest capacity to reduce the level of carbon dioxide in the air is adequately taken into...
Persistent link: https://www.econbiz.de/10008511102